Cosco rises on vessel order

Cosco Corp Singapore Ltd, the shipbuilding arm of China's biggest shipping company, climbed to a one-week high after it won an order to build a semi-submersible accommodation vessel.

Cosco Singapore gained as much as 1.4 percent to S$1.065 ($0.86), the highest intra-day price since April 27. Cosco has increased 21 percent this year, compared with a 14 percent rise in the Straits Times Index.